Buenaventura taking up all of Poracota
Minas Buenaventura (BVN-N) has agreed to take over the 25% interest in the Poracota gold project in Arequipa depart…
South America
Newmont readies market for shortfalls
Vancouver — The world’s second-largest gold producer, Newmont Mining (NMC-T, NEM-N), has given notice that bullion output from its mines will temporarily decline until it can bring new development pr…
Quadra trumped in bid for Equatorial
Losses related to a hedging program and operating challenges at the Robinson copper-gold mine near Ely, Nev., pushed Quadra Mining (QUA-T, QADMF-O) into the red during the latest quarter ended June 30…
Rio Narcea picks up Chariot shares from Amerigo (October 05, 2006)
Taking a turn away from its usual stomping grounds in Spain and North Africa, Toronto-based Rio Narcea Gold Mines (…
Norsemont releases resource estimate for Constancia
Vancouver – An independent resource estimate has been prepared for Norsemont Mining’s (NOM-V, NOMFF-O) Constancia …
New World Cuts Higher Grades at Lipea
Vancouver — The second and third holes by New World Resource (NW-V, NWFFF-O) at the Lipea project in southwestern Bolivia indicate a wide zone of higher-grade copper-gold mineralization….
Inco Submits To CVRD Offer
Vancouver — Inco’s board (N-T, N-N) has finally capitulated, recommending shareholders tender to Companhia Vale do Rio Doce’s (RIO-N) all-cash offer of $86.00 per share for the company….
New zone shaping up at Turmalina
Drilling by Jaguar Mining (JAG-T) on a target near its Turmalina gold project in Brazil shows potential to increase…
Quimsacocha resource grows (September 27, 2006)
The last season of drilling at the Quimsacocha gold deposit in southern Ecuador has expanded the resource on the pr…
Poirier picks two hot juniors
It’s hard to find value in a market that has been overheated by record high commodity prices and merger mania, but Don Poirier, an analyst with Blackmont Capital who has followed the junior side since…
A peculiar paradox for Chile’s investors
Santiago, Chile — As copper prices boomed earlier this year, investment managers in the gleaming skyscrapers of uptown Santiago found themselves facing a paradox….
Bringing Chile’s copper unions into the modern age
Santiago, Chile — The union representing 2,052 workers at the Escondida copper mine in Chile’s Region II signed a new collective contract on Sept. 1, bringing an end to a 25-day strike and giving wor…